Q) What do owls, cats, birds, toads, whales and bufficorns have in common*?
A) They’re all wise (mostly non-mythical) animals representing public-goods projects. And they are all participating in clr.fund Round 8 on xDai!
(*Minerva🦉, Ethereum Cat Herders🐈, Rotki🦜, Rekt🐸, WhalerDAO🐳, EthDenver🐃🍄🦄)
CLR Fund
CLR Fund is a protocol designed to fund projects that contribute to the growth and prosperity of the Ethereum-wide ecosystem. Participating projects hail from many different blockchain sectors including client development, data analytics, social platforms, media, research, governance, identity, philanthropy and more.
With each new round of funding, CLR Fund optimizes their mechanics to promote trustlessness and decentralization. The protocol uses quadratic funding as a starting point. Contributors fund projects they believe in, and these contributions earn projects a portion of the matching pool. To learn more about CLR Fund, we conducted an interview with founder Auryn Macmillan last year.
The protocol has come a long way since then!
This round the previous contributor cap (512) is gone thanks to scaling from MACI circuits. MACI makes collusion among participants more difficult (which can be an issue with Quadratic Funding where coordinated small donations can manipulate matching). The matching pool has also been increased dramatically. CLR started the fire 🔥 with 16K xDai, and the xDai team fanned the flames 🔥🔥 with another 10K!
Right now the matching pool for round 8 stands at over 31K xDai, with 3900+ contributors donating over 25K. And there are still 11 days remaining in the campaign! While this is not “life-changing” money, these funds directly support developers and projects so they can sustain their important work.
CLR Fund is a microcosm of everything that is right with the greater Ethereum ecosystem. It advances new tech, promotes good projects, encourages collaboration, and taps into the spirit of generosity that prevails through the community.
We are happy to support this funding platform as it continues to flourish round by round! We encourage you to try clr.fund on xDai and contribute to projects building a better future for all of us. If you’d like to donate, you will need a BrightID and some wrapped xdai (WXDAI). Head to Wrapeth and connect your wallet to xDai to quickly convert your X to WX.
Swapr 🚜 Farming
If you want to farm some extra funds to contribute ⬆️, Swapr may be your ticket to a late season harvest 🎃! The protocol announced some plump rewards allocated over the next 2 weeks. Learn more about Swapr farming on xDai.
xDai farms on Swapr are now live as of October 14th, 2021 at 15:00 UTC, and end on October 28th, 2021 at 15:00 UTC. You’re invited to join community discussions, and share your thoughts on these campaigns in the DXdao Discord.
Project Updates
Agave Finance lending incentives have been announced, along with a STAKE lending market coming October 25! The community voted overwhelmingly to support these rewards, and the teams are implementing shortly. $AGVE is also available on Swapr farms mentioned above!
Chainlink announced their support of Agave with price feeds on xDai. This integration provides accurate collateralization ratios for lenders and borrowers on the platform.
DAO Square DAO Kontribution Pool went live on October 12, and over 40K wxDai has been raised! Win limited NFTs, Hoodies and other goodies as part of the 30 day opening carnival. DAOSquare is an incubator for innovative projects on xDai, helping to better build communities, implement healthy governance and streamline operations and marketing. Learn More
Angel Battles just went xDai Beta. If you're a gamer looking to get in on the ground floor, check out this new game. It include integration of the Portis wallet, eliminating the need to manually sign every transaction. Get some free xDai to try the game, win some xDai on battle mountain, and help provide feedback. -> Get Started!
Defi Watch now supports xDai, providing detailed breakdowns for cross-chain and cross-project DeFi positions. It’s another great dashboard tool for DeFi users looking stay organized.
CryptoBot Wallet announced an xDai integration. Cryptobot gives Telegram users access to store and send xDai & other tokens by replying to chat messages.
xDai Tigers is the latest NFT project launching on xDai to take advantage of low-cost green minting. 5555 Unique Tigers coming soon (October 25 to be exact 😉).
We hope you have a chance to try something new on xDai this week. Stay tuned for more as projects continue to migrate to xDai. If your project is thinking of deploying to xDai or has an announcement, please reach out to us on Discord and we’ll assist any way we can. Mark your calendars for Oct 25 with Agave rewards🌵 & Crypto Tigers 🐯 launching the same day!
See you on-chain,
The xDai Team